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Stockreport

Cognizant, Infosys hit hardest by $100K H-1B worker visa fee: report [Seeking Alpha]

Cognizant Technology Solutions Corporation - Class A (CTSH)  More Company Research Source: Seeking Alpha
Last cognizant technology solutions corporation - class a earnings: 2/5 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: cognizant.com/investors
companies, such as Cognizant Technology Solutions ( CTSH ) and Infosys ( INFY ), according to an analysis posted Monday by Bloomberg. The $100,000 fee went into effect for Quick Insights The fee will heavily affect companies like Cognizant and Infosys because about 90% of their recent U.S. tech hires went through the H-1B process, making them highly exposed to the increased cost. IT outsourcing firms such as Cognizant, Infosys, IBM, Accenture, and Wipro are most exposed, while larger tech firms like Microsoft, Apple, Google, and Meta use H-1B visas less extensively. Strategies include reducing dependence on H-1B visas, increasing local hiring, using near-shoring, university partnerships, and building local hubs, as stated by Infosys. Recommended For You More Trending News [Read more]

IMPACT SNAPSHOT EVENT TIME: CTSH
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EVENT DAY
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PERFORMANCE SINCE EVENT
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Stockreport

Cognizant, Infosys hit hardest by $100K H-1B worker visa fee: report [Seeking Alpha]

Cognizant Technology Solutions Corporation - Class A  (CTSH) 
Last cognizant technology solutions corporation - class a earnings: 2/5 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: cognizant.com/investors
companies, such as Cognizant Technology Solutions ( CTSH ) and Infosys ( INFY ), according to an analysis posted Monday by Bloomberg. The $100,000 fee went into effect for Quick Insights The fee will heavily affect companies like Cognizant and Infosys because about 90% of their recent U.S. tech hires went through the H-1B process, making them highly exposed to the increased cost. IT outsourcing firms such as Cognizant, Infosys, IBM, Accenture, and Wipro are most exposed, while larger tech firms like Microsoft, Apple, Google, and Meta use H-1B visas less extensively. Strategies include reducing dependence on H-1B visas, increasing local hiring, using near-shoring, university partnerships, and building local hubs, as stated by Infosys. Recommended For You More Trending News [Read more]

IMPACT SNAPSHOT
EVENT TIME:
CTSH
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS